How a U.S. Textile Maker Came to Embrace Free -2-

TODAY: May 5, 2015 PUB DATE: May 5, 2015

While Mr. Milliken saw China is a major threat to the industry--he said in 1999 he was "outraged, totally outraged" by Congress clearing the way for China's entrance into the WTO--his successor sees the company's future there. Milliken opened an ...

UBS Profit Nearly Doubles -- Update

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By John Letzing ZURICH-- UBS AG said Tuesday that first-quarter profit nearly doubled from the same period last year on gains at its core wealth management business and a strong bump from its pared-down investment bank. Zurich-based UBS said net ...

Yellen: Fed Providing Lawmakers With Names of Staffers

TODAY: May 5, 2015 PUB DATE: May 5, 2015

WASHINGTON--The Federal Reserve is providing a congressional panel with the names of its staffers who had contact with a consulting firm that published details of market-sensitive policy deliberations in October 2012, "with the understanding that the names will be kept ...

French State Budget Deficit Narrows End-March Year-on-Year

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Nadya Masidlover PARIS--France's state budget deficit narrowed over the first three months of the year compared with the corresponding period in 2014, as spending fell and tax revenue rose. The deficit fell to 26.3 billion euros ($28.9 billion) at ...

EU Lifts Eurozone Growth Forecast

TODAY: May 5, 2015 PUB DATE: May 5, 2015

BRUSSELS--European Union economists said cheaper oil and central bank stimulus should help deliver faster growth in the region this year, but questioned whether Europe's economy would continue to expand at these rates over the longer term. The forecasts from the ...

U.S. Trade Gap Widens on Surging Imports

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Eric Morath and Jeffrey Sparshott WASHINGTON--The March expansion in the U.S. trade gap was the largest in nearly two decades, suggesting that international commerce was a significant drag on economic growth to start the year. The trade deficit widened ...

Canada's Trade Deficit Widens to Record C$3.02 Billion in March

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Paul Vieira OTTAWA--Canada posted in March its biggest trade deficit on record with the rest of the world, as the negative fallout from lower energy prices overshadowed gains in non-energy exports The previous month's data were also revised downward, ...

Oil Prices Rise Above $60 a Barrel

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Christian Berthelsen Oil prices surged Tuesday after a protest in Libya shut down one of the nation's crude-export hubs and Saudi Arabia's national oil company raised prices for the U.S. and Europe, a bullish signal of strengthening demand. The ...

CURRENCIES: Dollar Extends Losses On Soaring U.S. Trade Deficit

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Joseph Adinolfi, MarketWatch Traders look to ISM nonmanufacturing, jobs reports The dollar traded higher against the yen Tuesday, but weakened against its other rivals, as it looked set to unwind much of Monday's gains. The Commerce Department reported the ...

Press Release: NMI(R) at 57.8%; April Non-Manufacturing ISM(R) Report On Business(R); Business Activity Index at 61.6%; New Orders Index at 59.2%; Employment Index at 56.7%

TODAY: May 5, 2015 PUB DATE: May 5, 2015

NMI(R) at 57.8%; April Non-Manufacturing ISM(R) Report On Business(R); Business Activity Index at 61.6%; New Orders Index at 59.2%; Employment Index at 56.7% PR Newswire TEMPE, Ariz., May 5, 2015 DO NOT CONFUSE THIS NATIONAL REPORT with the various regional ...

Oil Prices Rise Above $60 a Barrel

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Christian Berthelsen The U.S. benchmark oil price on Tuesday shot above $60 a barrel for the first time since December, as a Libyan port halted crude exports and as Saudi Arabia raised prices for some of its oil. The ...

Brazilian Economy Struggles to Take Off

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Loretta Chao And Rogerio Jelmayer SAO PAULO, Brazil--With Brazil dogged by drought, a sluggish economy and a corruption scandal at its most important company, businesses in Latin America's largest economy have little to be optimistic about. Economists expect Brazil's ...

Shift at McDonald's: Company Moves Toward More Franchising-- 3rd Update

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Annie Gasparro The new chief executive at McDonald's Corp. plans to sell more restaurants to franchisees and restructure international operations to cut $300 million in annual costs and create a more nimble business. Steve Easterbrook, in a much-anticipated presentation ...

Deutsche Bank Waiver Feeds Controversy at SEC

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Aruna Viswanatha WASHINGTON--The Securities and Exchange Commission is allowing Deutsche Bank AG to continue selling stocks and bonds after the bank pleaded guilty to manipulating interest rates, feeding a controversy over the waivers that has divided the agency. The ...

Malaysia March Exports Likely Contracted 3% on Year: Poll

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By Saurabh Chaturvedi KUALA LUMPUR--Malaysia's March exports likely contracted further as plunging commodity prices including that of crude oil, natural gas and palm oil continued to weigh. Exports likely shrank 3% in March from a year earlier, according to the ...

Spanish Jobless Numbers Fall

TODAY: May 5, 2015 PUB DATE: May 5, 2015

MADRID--Spain's government said Tuesday the number of people seeking jobless benefits fell last month as the country's economic recovery strengthened. The labor ministry said that jobless claims fell in April by 118,923 to 4.33 million. Seasonally adjusted claims fell by ...

UBS Profit Rises

TODAY: May 5, 2015 PUB DATE: May 5, 2015

By John Letzing ZURICH-- UBS AG said Tuesday that first-quarter net profit rose to 1.98 billion Swiss francs ($2.14 billion) from 1.05 billion francs reported in the same period last year. Analysts had expected Zurich-based UBS to report a net ...